CREA revises down 2026 home sales forecast again as September transactions fall 7.7% over same month last year

The potential for rate hikes by the Bank of Canada and already-increasing fixed-rate mortgages are weighing on prospective buyers, according to CREA, leading the association to revise down its forecast for 2026.

Those factors were already showing up in September, when home sales fell 7.7 per cent compared to the same month a year prior.